My first lease renewal :)

[Marcus Holloway]

Quick post. Today one of my tenants asked if he could renew early for the same rate. Young couple, never been late, not problematic. Hell yea you can renew!

I was thinking with the current market that my chances were pretty good but you never know.

Our property is about $100-125 under market in the area so I also thought about raising the rent. We still cash flow even at the lower rate.

This Is our 3rd tenant but he’s the first to ever renew. Gotta tell, as a newer investor, it felt pretty good to get that text. I feel like I’m honestly providing a quality home and the security of another year of income gives me a lot of confidence that I’m doing something right.